After price broke structure with momentum, it was an indication it was still maintaining its overall bullish trend. It preceded to retrace and form internal range liquidity above our establish golden zone that it could use to fuel its move to take out the latest weak high and continue with the bullish trend.
Your bullish stance is compelling, especially given the market’s recent behavior.
BlackTygaTrades
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@TheFxAce, Bullish it was, unfortunately no expected retest
FXCM
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The buy zone looks solid, as the price has been respecting it multiple times in the past. I suspect the buy zone might align with an ascending trendline support, which is a good sign of bullish momentum coming to the market. Let's see how this plays out. Nice analysis.
BlackTygaTrades
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@FXCM, Thanks. Now it's just a matter of playing the waiting game